Lathams - In recent years, Chinese companies have become increasingly bold in the search for new deals, looking beyond the country’s borders for transformational takeovers. This year already, we have seen the largest ever outbound deal attempted by a Chinese company, with ChemChina’s $43billon bid for Swiss agribusiness Syngenta. As China becomes more relaxed about … [Read more...]

Skadden - Recent events relating to the fixed-income markets — including volatility in the high-yield markets and the high-profile closings of a number of funds invested in high-yield and distressed assets — have raised concerns among investors and led many to question whether broader market instability may follow.We have divided the below into two parts: First, we review … [Read more...]

Bilzin Sumberg - Citibank, N.A. has asked a federal district court to bless its $23 million settlement in a class action lawsuit alleging a wide-ranging conspiracy among banks to fix yen-denominated London Interbank Offered Rates (LIBOR) interest rates between 2006 and 2010.The settlement is the first of its kind in the case. The lead plaintiff in the litigation, Jeffrey … [Read more...]

Latham & Watkins–the world’s largest law firm with approximately 2,000 attorneys in the United States, Europe, the Middle East and Asia–has recently released research results on today’s enforcement trends in cryptocurrency.Since the beginning of 2015, an increasing number of government and law enforcement agencies including the Securities and Exchange Commission (SEC), … [Read more...]

Clifford Chance - One of the results of the banking crisis has been the growing role of alternative finance providers who have plugged the gaps that traditional banks can no longer meet. As alternative finance has grown, regulators are focusing on the potential risks it poses.
A Never Ending Road - New aspects in the regulation of securitisation
A year ago, things were … [Read more...]

King & Wood Mallesons - The OECD delivered a stinging assessment of Australia’s lack of enforcement of foreign bribery laws this week in its report on Australia’s implementation of the OECD anti-bribery convention. A lack of successful prosecutions and poor investigative performance by regulatory agencies came in for particular criticism. The report follows a month in which … [Read more...]

Baker & McKenzie - Global, 26 January 2015 – African companies are going public at what could be their fastest ever rate. Thirty initial public offerings by African-domiciled companies are already in the pipeline for 2015*, according to research by global law firm Baker & McKenzie. If just the deals announced so far complete, volumes will spike by a quarter from 2014, … [Read more...]

Slaughter & May - The Association of Corporate Treasurers (ACT) has worked with the Loan Market Association (LMA) on the development of the Investment Grade Agreement (and its revisions) since the project was first launched in 1996. The Guide is produced by Slaughter and May for the ACT and provides detailed negotiating advice for treasurers.The latest edition the Guide … [Read more...]

Baker Hostetler - The Securities and Exchange Commission (SEC) recently charged the co-owner of two Bitcoin-related websites for publicly offering shares in the ventures without registering the securities under the Securities Act of 1933 (the Securities Act).[1][1] In the Matter of Erik. T. Voorhees (Voorhees) is the most recent effort by the SEC to exercise regulatory … [Read more...]